Reported 12 months ago
As Hurricane Beryl approaches Jamaica, the country's $1.6 billion disaster preparedness strategy, including catastrophe bonds, insurance policies, and credit lines, will be put to the test. Jamaica, well-prepared for hurricanes, aims to minimize scrambling for resources post-disaster. With increasing climate risks, Caribbean nations are incorporating protections into their financial plans, facing potential economic impacts and challenges in recovery efforts from severe storms like Beryl.
Source: YAHOO